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This working paper introduces new statistical series on bank distress during the Great Depression, utilizing previously dormant data from the Federal Reserve\'s archives. It analyzes the causes and consequences of bank suspensions through 1929 to 1933 and provides insights into the patterns of bank failures, the role of illiquidity and insolvency, and the impact of financial contagion during this period.
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NBER Working Paper 12590 is an academic paper published by the National Bureau of Economic Research (NBER) that explores economic topics, presenting research findings and methodologies relevant to the field.
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Filling out NBER Working Paper 12590 involves providing detailed research information, including the paper's title, authors, abstract, methodology, findings, and references to existing literature.
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The purpose of NBER Working Paper 12590 is to disseminate research findings, stimulate academic discussion, and provide a preliminary platform for peer review before formal publication.
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